Arizona Real Estate License Practice Exam 2026 - Free Real Estate Practice Questions and Study Guide

The scenario describes a situation where Jean has granted land to the city specifically for a nature preserve and includes reversion rights, which means that the land would revert back to Jean or her heirs upon a certain event, typically if the use as a nature preserve ceases. This aligns with the characteristics of a qualified fee estate.

A qualified fee, also known as a fee simple subject to a condition subsequent, allows the owner to grant property under certain conditions. If those conditions are not met—such as the nature preserve ceasing to exist—the original owner retains the right to reclaim the property. This creates a conditional ownership, which is a defining feature of qualified fee estates.

In contrast, a conventional life estate grants ownership for the duration of an individual's life and does not include the condition of reversion linked to the use of the property. A fee simple absolute provides complete ownership without any conditions, while a life estate pur autre vie is a life estate measured by the life of another individual, not the grantor.

Therefore, Jean's grant of land with specific use restrictions and reversion rights clearly falls under the category of a qualified fee estate, making this the correct answer.